Range Resources (RRC) After The EQT Deal Is The Stock Fully Valued

EQT Corporation agreed to acquire Range Resources (RRC) in an all stock transaction valuing the target at US$13b. The deal puts fresh attention on what the agreed 0.987 EQT share exchange ratio implies. Range Resources has already attracted heavy attention this year, with a 1-month share price return of 17.9% and a year to date share price return of 28.95% helping set up the merger announcement as a fresh catalyst. The all stock EQT deal lands after earlier M&A speculation and an analyst...